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The Economic Crisis + Peak Oil = An Age of Relocalization?

The financial meltdown, the credit crisis, and ensuing economic contraction—it can all be traced back to peak oil. Author Julian Darley, who knows a thing or two about dwindling resources, believes that high oil prices—caused by supply constraints not meeting demand—are the real cause of the economic crash, and until our new president and his administration face facts, they’ll just be fighting the symptoms rather than the disease.

America and the world wakes this morning to a landscape of new possibilities. We also wake up to a daunting list of problems, most of which are now well known. Yet still there is one problem that was never mentioned by either presidential candidate, no doubt for their own good reasons. The problem is one that has been waiting in the wings since 1859. Or 1846 if you live in Russia. These are the dates of the first oil wells in the world, and they mark the beginning of our dependence on oil, a dependence which is now being forced into reverse.

Peak oil and decline has to become a dominant factor in political and business planning because otherwise, the wrong remedies are going to be applied to the wrong causal diagnosis. The world headlines this morning helpfully remind Obama and his new team that they face some severe economic woes. I am sure they are very grateful for that information.

What they need to hear about are the underlying reasons for the financial meltdown, the credit crisis and ensuing economic contraction. Jeff Rubin, of CIBC, makes the case strongly in a recent report, that high oil prices – caused by supply constraints not meeting demand – are the real cause of the economic crash.

The chart shows that all but one of the last five recessions have followed sharp rises in oil prices. Obama’s new economic advisers will surely also be looking at such graphs, but will they notice how dramatically different the 21st century price rise curve is, and will they ask why? Unless they do, it seems likely that we see economic alchemy being practiced rather than economic realism. In the past that has lead to exuberance and temporary consumer happiness. This time will be different.

Read the whole article here.


Revisiting Naomi Wolf’s Call to Patriots–10 Years Later

Reading Naomi Wolf’s book The End of America: Letter of Warning to a Young Patriot today is an eerie experience. Written in 2007, it detailed the ways in which the Bush administration was beginning to chip away at the freedoms of American citizens. It outlined the ten steps dictators or would-be dictators take when their […] Read More

Chelsea Green: In the Media 2016

Oh, 2016. Where did the time go? Each year, Chelsea Green receives hundreds of mentions (well over 1000 in 2016) in the media both big and small. From interviews, to excerpts, to opinion pieces by authors we’re always working to make sure that the mission and message of each book is spread far and wide. […] Read More

Yes, America We Can Make It … Really

Uncertainty got you down? The political world may seem like it’s crumbling around us, but this we know: We can make it, America. Literally, we can make things. Houses. Gardens. Food. Below we’ve selected some of our classic how-to and DIY books (and some new favorites) to help you sustain your self, family, and community. […] Read More

Chelsea Green on Instagram: Our Most Popular Photos of 2016

What a year for Chelsea Green on Instagram! We began the year with 500 followers and are now fast approaching 4,000 photo-loving brewers, gardeners, cheesemakers, permaculturists, foodies, seed-savers, homesteaders, foragers, and more. Our most popular posts of 2016 say a lot about what makes you happy: mushrooms, innovative garden designs and techniques, tiny cabins, and […] Read More

Slack and Taut: Defining a System’s Resilience

A resilient future (or a resilient present, for that matter) needs to be slack, not taut. What do we mean? Core to the concept of a Lean Economy is understanding the need to move toward a “slack” market rather than one that is “taut.” When British economist David Fleming died unexpectedly in 2010, he left […] Read More
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